Several salary-linked allowances — which had become nearly irrelevant — have been significantly enhanced. The children education allowance has increased from ₹100 per month per child to ₹3,000. The hostel allowance has moved from ₹300 to ₹9,000. For families, these are not cosmetic revisions; they meaningfully expand the exemption base.
The tax regime debate is back, and your salary for this year just got dragged in
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